PhonePe pares 5% stake in MapmyIndia for Rs 486 crore

Share via:


Digital payments major PhonePe on Thursday trimmed its holding by selling a 5 per cent stake in CE Info Systems, the parent company of MapmyIndia, for Rs 486 crore through an open market transaction.

PhonePe is an arm of Walmart-controlled online retailer Flipkart.

Following the stake sale, shares of CE Info Systems plunged 9.39 per cent to settle at Rs 1,768.75 apiece on the BSE.

According to the bulk deal data available on the BSE, PhonePe Ltd offloaded 27.21 lakh shares, amounting to a 5 per cent stake in CE Info Systems.

The shares were sold at an…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Popular

More Like this

PhonePe pares 5% stake in MapmyIndia for Rs 486 crore


Digital payments major PhonePe on Thursday trimmed its holding by selling a 5 per cent stake in CE Info Systems, the parent company of MapmyIndia, for Rs 486 crore through an open market transaction.

PhonePe is an arm of Walmart-controlled online retailer Flipkart.

Following the stake sale, shares of CE Info Systems plunged 9.39 per cent to settle at Rs 1,768.75 apiece on the BSE.

According to the bulk deal data available on the BSE, PhonePe Ltd offloaded 27.21 lakh shares, amounting to a 5 per cent stake in CE Info Systems.

The shares were sold at an…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

More like this

Why is it called iOS 26? What happened to...

So, Apple just held its annual WWDC conference...

The investor experience at TechCrunch All Stage: One floor,...

TechCrunch All Stage isn’t a waiting room for...

Popular

Upcoming Events

noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha noha omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma omayma